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Re: 3xBuBu post# 71282

Tuesday, 12/16/2008 6:04:06 PM

Tuesday, December 16, 2008 6:04:06 PM

Post# of 704570
This is how sick a covered call on FAS is.

FAS @ 26.09
Jan 09 $30 @ $4.80

BE = $21.29 or 18% Downside Protection
22% return if static, 265% annualized.
40.9% return if called, 481% annualized.

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